Magna Mining Inc. issued a news release earlier today announcing the results of an Updated Preliminary Economic Assessment by SGS Geological Services on its 100% owned Crean Hill Project located in Sudbury, Ontario, Canada. The September 17th news release contained two summary tables outlining the Pre and Post Tax NPV and IRR's of the Crean Hill Project. Table 1 contained the correct numbers, while table 9 incorrectly [...]
Study Demonstrates 13 Year Mine Life, Modest Pre-Production Capital and Short Payback Period Magna Mining Inc. is pleased to announce the successful completion of its Updated Preliminary Economic Assessment by SGS Geological Services on its 100% owned Crean Hill Project located in Sudbury, Ontario, Canada. The PEA envisions an underground only mining operation, with Life of Mine potentially mineable resource being sold to [...]
Acquisition Includes a Portfolio of Critical Mineral Exploration and Development Assets in the Sudbury Basin Mining District Magna Mining Inc. is pleased to announce that it has entered into a definitive share purchase agreement dated September 11th 2024 with a subsidiary of KGHM International Ltd. to acquire a portfolio of base metals assets located in the Sudbury Basin . Magna will acquire the producing McCreedy West [...]
VANCOUVER, BC, Sept. 12, 2024 /CNW/ - The following issues have been halted by CIRO Company: Magna Mining Inc. TSX-Venture Symbol: NICU All Issues: Yes Reason: Pending News Halt Time : 8:16 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization [...]
Magna Mining Inc. is pleased to provide an update on the Advanced Exploration surface bulk sample at the Crean Hill Project in Sudbury, Ontario. The mining of the surface bulk sample commenced on July 2, 2024, and the final blast was on August 15, 2024. A total of 20,714 tonnes of rock was excavated, crushed and hauled to Glencore Sudbury Integrated Nickel Operations' Strathcona Mill, with the last truck arriving on [...]
Results Include 5.0% Cu, 0.7% Ni, and 12.8 g/t Pt+Pd+Au Over 15.2 Metres Magna Mining Inc. is pleased to announce additional diamond drilling results and provide an update on the surface advanced exploration bulk sampling in the 109 Footwall Zone. Highlights from the new assay results include: 109 FW Zone MCR-24-087: 5.0 % Cu, 0.7% Ni, 12.8 g/t Pt + Pd + Au over 15.2 metres Including, 11.7 % Cu ,1 .0% Ni, 5.8 g/t Pt + Pd [...]
Magna Mining Inc. is pleased to announce the results of its Annual & Special Meeting of Shareholders held on June 28th. Each of the matters is described in greater detail in the Notice of Annual & Special Meeting of Shareholders and the accompanying Management Information Circular dated June 3rd, 2024 . At the Meeting, the shareholders approved the election of Jason Jessup, Carl DeLuca, John Seaman, Vernon Baker, Jonathan [...]
Results Include 0.4% Ni, 0.5% Cu, and 34.3 g/t Pt+Pd+Au over 4.1 Metres, Starting at Surface Magna Mining Inc. is pleased to announce additional diamond drilling results and provide an update on the surface advanced exploration bulk sampling in the 109 Footwall Zone. Highlights from the new assay results include: 109 FW Zone MCR-24-077: 0.2% Ni, 0.2 % Cu, 18.2 g/t Pt + Pd + Au over 15.0 metres 109 FW Zone Surface Sample [...]
Magna Mining Inc. is pleased to announce the award of the Advanced Exploration contract at the Crean Hill Project to Aki-eh Dibinwewziwin Limited Partnership . ADLP is a partnership between Atikameksheng Anishnawbek, Wahnapitae First Nation, and Technica Mining. Jason Jessup, CEO of Magna Mining, stated, "We are confident in our decision to award the ADEX mining at Crean Hill to ADLP. We have been in discussions with ADLP [...]
Magna Mining Inc. is pleased to announce the signing of a Toll Milling Agreement with Glencore Canada Corporation for the surface bulk sample of the 109 Footwall Zone at the Crean Hill Project. Jason Jessup, CEO of Magna Mining stated, "The signing of a toll milling agreement with Glencore to process a surface bulk sample from the 109 FW Zone at Crean Hill is the next step in advancing our Crean Hill Project. Magna has [...]
Magna Mining Inc. announces that it will be holding its annual and special meeting of the shareholders of the Company on June 28, 2024. An electronic copy of the management information circular and related proxy materials in respect of the Meeting will be mailed to shareholders of the Company and will be available on SEDAR+ under the Company's profile at www.sedarplus.ca. The specific details of the matters proposed to be [...]
Results include 0.9% Ni, 2.9% Cu, and 9.5 g/t Pt+Pd+Au over 6.3 metres, starting at surface Magna Mining Inc. is pleased to provide additional diamond drilling results from the 2024 exploration program at Crean Hill, targeting the near surface advanced exploration area of the 109 Footwall Zone. Highlights from the new assay results include: 109 FW Zone MCB-24-029: 0.9% Ni, 2.9 % Cu, 9.5 g/t Pt + Pd + Au over 6.3 metres [...]